FILE PHOTO: a Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China on November 6, 2018. REUTERS/Aly Song
(Reuters) – Qualcomm Inc. on Monday announced 5G networks chips for a range of applications outside of smart phones, aimed at the strengthening of a company that has lost to Apple Inc, an important client, and with unprecedented levels of competition.
San Diego-based Qualcomm is the largest supplier of mobile phone chips, and told investors to expect a big boost of 5G networks, which will start the roll-out of this year and offer higher speeds than the current 4G networks. Qualcomm chips deliver the 5G connections, in devices, such as Samsung Electronics Co Ltd samsung Galaxy Fold smart phone.
But Qualcomm faces challenges in the mobile chip business, with Apple selecting Intel Corp only to connect the iPhones that last year mobile data networks. And MediaTek Inc, Samsung, and Huawei Technologies Co Ltd have already announced plans to make the 5G chips, with Samsung and Huawei, both the planning of the use of the chips in some models of their own phones, food in the business for Qualcomm.
At the Mobile World Congress event in Spain on Monday, Qualcomm announced its plans for the 5G chips in other markets outside of phones. Qualcomm said it is working with the Japanese e-commerce retailer Rakuten Inc. ‘ s mobile division to deliver 5G chips for networking gear, from the retailer launches in Japan.
Qualcomm has a new chip for personal computers that would connect them to 5G networks, building on Qualcomm’s previous attempts to attack its competitor, Intel’s core market of central processors. Qualcomm has also announced the chips for the so-called 5G fixed wireless stations, which providers such as Verizon Communications Inc hope would be fast enough to replace home broadband connections that a lot of consumers in the United States receive from their cable operators.
Qualcomm also announced a new set of chips aimed at automakers on Monday. Qualcomm existing chips to help cars connect to the internet, but the 5G chips are expected to connect cars to the other vehicles on the road, as well as objects, such as traffic signs and signals vehicles to gain new levels of autonomous navigation.
Reporting by Stephen Nellis; Editing by Cynthia Osterman